Spices company MTR seeks government approval for single-brand retail

MTR Foods, a subsidiary of the $4-billion Norwegian conglomerate Orkla, has sought government approval to start single-brand retail trading in India. MTR, a 92-year-old spices and ready-to-eat vegetarian food company based in Bengaluru, is ramping up its manufacturing capacity in India to 72,000 tonnes by 2020 with an investment of Rs 200 crore…READ MORE